trade is on hourly bases as it can be considered as early entry but confident about bullish trend. RR is 15.65. buy at 0.2994 Stop Loss 0.29 and Target Will be 0.4061
Hello Dear What Are You Thinking About Gold Market. Gold Price Current Moving To Upward Traders between the resistance Zone as shoed in chart. The Price will May Test To The support as price will moving Slowly slowly In Buy Side. So lets like and share your Minds in the Comments.
Eurusd is super bearish, price formed a rising channel and broke out below which signals bearish trend continuation.
I have created a detailed chart on TradingView, and my targets for today are 2720, 2725, and 2732. There is a possibility that the market may retrace to 2705. If anyone needs help with understanding or executing trades, feel free to join me through my bio for guidance
Technical Analysis The price has successfully reached a historic all-time high (ATH) at 21,800 and continues to build positive momentum, with the next target set at the resistance level of 21,770. However, this upward movement is expected to resume after completing a correction toward 21,670. So now any stability above 21,770 will get the price toward 21,880 which is a new high level. Otherwise, stability below 21,675 by closing the 4h candle under it, means will drop to 21,535. Key Levels: Pivot Point: 21420 Resistance Levels: 21770, 21880, 22000 Support Levels: 21,675, 21,535, 21420
AlienBase is showing strong signs of a trend reversal as it breaks out of a descending wedge,this breakout is supported by multiple confluences: - A-B-C Correction Complete: The corrective phase has played out, paving the way for the next impulsive move. - 50-Day EMA Support: Price has found solid support at the 50-day EMA, further reinforcing the bullish bias. - Stochastic RSI: The Stoch RSI is crossing upward from oversold territory, signaling growing bullish momentum. Momentum is building for a potential move toward the $0.50 area. If the breakout sustains with increasing volume, this could mark the beginning of a larger upward trend. Key Levels to Watch: Resistance: $0.50 (short-term target) Support: $0.40 (breakout retest zone)
I am looking for a 4 dollar target on Bitfarms. Currently it is forming a triangle
Price is super bearish, it formed a rising channel, broke out and retested the trendline and formed a bearish pinbar.
GBPJPY - Bullish Buy on Support The strategy focuses on taking a bullish position on GBPJPY, with the goal of buying at key support levels as the pair shows strength. The idea is to enter long positions at every opportunity where the price bounces off established support zones, anticipating continued upward movement. Trade Setup: Buy on every confirmed support level, especially after price shows signs of holding above these areas. Look for bullish price action such as a candlestick reversal pattern, or indicators like RSI or MACD showing bullish momentum. Target: Hold positions for a longer-term rally, targeting higher resistance levels or key price zones where the pair has historically reversed. Stop-Loss: Place the stop-loss just below the support level to manage risk in case of a breakdown. Timeframe: Suitable for traders with a medium-to-long-term outlook, seeking to capitalize on each support bounce. Disclaimer: Always ensure to manage risk effectively, and consider market conditions before entering trades.
Trendline sending Nifty in consolidation mode for last few days. The positive thing is that Nifty is still holding above 50 hours EMA which we call Mother Line. The Mother line is at 24545 and the closing we got today is 24548. So Mother line still remains support. There is an additional support at 24500 too in addition to Father line which is 200 Hours EMA is also a very important support. Father line is at 24364. Below 24364 Nifty will become weak again and we can see it fall to the levels of 24100, 23907 and 23187. Resistances for Nifty remain at 24723, 24904, 25240 and finally 25514. 25514 will be a strong resistance. If we get a closing above 25514 Bulls have potential to grip the market very firmly and take it to previous highs if not new highs. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.